Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Home Depot, Inc., a leading home improvement retailer, disclosed its financial figures for the year ending 2023. The company's total assets amounted to $100

The Home Depot, Inc., a leading home improvement retailer, disclosed its financial figures for

the year ending 2023. The company's total assets amounted to $100 billion, with total liabilities

of $70 billion. Its net income for the year stood at $10 billion, and the shareholders' equity was

$30 billion.

a) Determine the company's debt-to-assets ratio.

b) Calculate the company's debt-to-equity ratio.

c) Find out the return on assets (ROA) percentage.

d) Calculate the return on equity (ROE) percentage.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Analysis and Security Valuation

Authors: Stephen Penman

5th edition

78025311, 978-0078025310

More Books

Students also viewed these Accounting questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago